Carl Icahn, significant Apple shareholder, pounded the table about management creating shareholder value, of course, not via the traditional method in Apple’s history of creating new products such as itunes, ipads and iphones. Carl demanded share buyback. The demand was not for a one time event but continually through 2015. Of course Carl’s biggest supporter was and is board member and former Vice President Al Gore. How much Al added to his already significant holdings of Apple is not known. However, the fact that Al on buyback announcement day was the third biggest inside holder at 33 million dollars meant a dramatic increase in Al’s wealth, 8% in one day. He knew before anyone. Of course, no CO2 was released because of these transactions.
Posted on: Sat, 26 Apr 2014 14:49:56 +0000